Today in Markets

An Abu Dhabi Pump?

Should you care one iota?
Jack Inabinet Jack Inabinet Nov 29, 20231 min read
market analysis An Abu Dhabi Pump?

IOTA's Moment? Blockchain developer Iota is launching the first Abu Dhabi-regulated foundation with hopes of accelerating the growth of their technology in the Middle East! IOTA is up nearly 50% on the day, but is this pump one you should ape? Probably not👇

Under recently introduced Abu Dhabi regulations meant to attract digital ledger technology (DLT) companies to the UAE, foundations – like Iota’s – can establish decentralized autonomous organizations there to operate legally and issue tokens to members.

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